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Apple shares slide by 20% since September, equals £80bn loss

Apple's share prices have dropped by 20% since iPhone 5 launched in September, resulting in an £80 billion loss at the California company.

MCV reports that as of yesterday's trading, Apple's shares had sunk to a five-month low, and that the company is currently valued at around $530bn. It's a stark change of pace when compared to Apple's performance two months ago, when shares hit an all-time high as iPhone 5 launched on September 21st.

At the time the company was valued at $660 billion, marking a significant loss in value when compared to yesterday's figures. MCV notes that it's unclear exactly what is causing the drop, as iPhone 5 saw sales of five million units in its launch weekend.

However, firm competition from the Samsung Galaxy S III, a growing Android user base and the swelling tablet market could be chipping away at Apple's income, although it's still unclear where the issue lies.

From a gaming perspective, Apple's key rivals are stepping up their game. The Android marketplace is seeing a rapid intake of games and players, while other companies, such as Microsoft and Sony are getting into the tablet game in a big way.

What do you think? Does Apple have a real fight on its hands going forward into increased competition, or could this just be a blip? Let us know what you think below.

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About the Author
Dave Cook avatar

Dave Cook


Dave worked on VG247 for an extended period manging much of the site's news output. As well as his experience in games media, he writes for comics, and now specializes in books about gaming history.